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G20

From Simple English Wikipedia, the free encyclopedia
G20
Group of Twenty
AbbreviationG-20+
MottoOne Family World
Formation26 September 1999; 25 years ago (1999-09-26)
2008 (2008) (heads-of-state/heads-of-government summits)
TypeEconomic
Legal statusActive
PurposeBring together. systemically important industrialized and developing economies to discuss key issues in the Global economy.[1]
HeadquartersNew York, NY, USA.
Membership
Chairman
Brazil Luiz Inácio Lula da Silva:(Brazil)
AffiliationsEuropean Union
Websiteg20.org/en/ G20.org

The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union (EU). It was founded in 1999. The goal is to coordinate global policy on trade, health climate and other prominent issues as well as promoting international financial stability.[2]

Together, the nations of the G20 account for almost 80% of the global economic output. The figures have remained stable, while the G7 is shrinking.

Since the November 2011 Cannes summit, G20` summits have been held annually.[3]

Current G20 Leaders

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References

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  1. "FAQ #5: What are the criteria for G-20 membership?" Archived 16 February 2009 at the Wayback Machine. G20.org. Retrieved 21 February 2013.
  2. "G20 Finance Ministers Committed to Sustainable Development". IPS News. Retrieved 4 December 2015.
  3. ""Past Summits". Archived from the original on 2014-02-03."